How Lawsuit Loans Work
A lawsuit loan is actually more like a cash advance. Unlike other forms of lending, it’s non-recourse, so you are NOT personally liable for the debt. When it comes time for repayment, we don’t take money out of your bank account or seize property as collateral. Instead, we take an agreed-upon slice of your compensation package and you get the rest. If you lose your lawsuit, you don’t pay us back at all!
You can spend your lawsuit loan however you need to. That includes daily expenses, rent or mortgage payments, medical bills, and even just replacing lost income due to injury. There are no requirements for how you spend it.
It’s your money.